Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Decreases By 59.7%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 27,100 shares, a decline of 59.7% from the February 28th total of 67,200 shares. Based on an average daily volume of 221,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE EMD opened at $9.85 on Thursday. The company has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $9.89. Western Asset Emerging Markets Debt Fund has a 52 week low of $8.89 and a 52 week high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. This represents a yield of 10.92%. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMD. D.A. Davidson & CO. lifted its holdings in Western Asset Emerging Markets Debt Fund by 42.4% in the third quarter. D.A. Davidson & CO. now owns 73,151 shares of the company’s stock worth $745,000 after purchasing an additional 21,793 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Western Asset Emerging Markets Debt Fund by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock worth $1,086,000 after buying an additional 1,190 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter worth about $192,000. Insigneo Advisory Services LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 12.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,408 shares of the company’s stock worth $422,000 after acquiring an additional 4,713 shares during the period. Finally, Mission Hills Financial Advisory LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $108,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.